Firsttrust Home Loans Mortgage Rates, Fees & Info

Sheridan, AR

LEI: 2549007JQKHU8KQ0FC19

Tax ID: 84-1628152

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Firsttrust Home Loans is a smaller mortgage company specializing in Home Purchase loans. Firsttrust Home Loans has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets by origination volume include: Little Rock, Shreveport, Oklahoma City, Jonesboro, and Birmingham among others. We have data for 46 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Firsttrust Home Loans has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.86% 12/16/24
    30 Year Conventional Refi 6.72% 12/16/24
    30 Year Cash-out Refi 6.91% 12/16/24
    30 Year FHA Purchase 7.59% 12/16/24
    30 Year FHA Refi 7.41% 12/16/24
    30 Year VA Purchase 6.65% 12/16/24
    30 Year VA Refi 6.27% 12/16/24
    30 Year USDA Purchase 7.11% 12/16/24
    30 Year USDA Refi 6.77% 12/16/24
    15 Year Conventional Purchase 6.31% 12/16/24
    15 Year Conventional Refi 6.25% 12/16/24
    15 Year Cash-out Refi 6.25% 12/16/24
    15 Year FHA Purchase 5.68% 12/16/24
    These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

    Firsttrust Home Loans Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Firsttrust Home Loans. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    1,439

    Origination Dollar Volume (All Markets)

    $223,825,000

    Top Markets

    Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.

    Market Originations Total Value Average Loan Average Fees Average Rate
    LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 500 $88,590,000 $177,180 $4,765 4.11%
    Outside of Metro Areas 440 $57,050,000 $129,659 $4,094 4.33%
    SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) 66 $12,930,000 $195,909 $5,279 4.50%
    OKLAHOMA CITY, OK (FHA|USDA|VA) 35 $5,915,000 $169,000 $4,688 4.65%
    JONESBORO, AR (FHA|USDA|VA) 24 $4,780,000 $199,167 $3,775 4.14%
    BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 29 $4,475,000 $154,310 $4,699 4.62%
    PINE BLUFF, AR (FHA|USDA|VA) 30 $4,390,000 $146,333 $4,335 4.29%
    Camden, AR (FHA|USDA|VA) 42 $4,300,000 $102,381 $4,320 4.37%
    Mountain Home, AR (FHA|USDA|VA) 32 $4,130,000 $129,063 $3,000 4.05%
    Searcy, AR (FHA|USDA|VA) 22 $3,710,000 $168,636 $5,261 4.01%
    FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 17 $3,665,000 $215,588 $3,542 4.34%
    HUNTSVILLE, AL (FHA|USDA|VA) 17 $3,375,000 $198,529 $4,080 3.76%
    Miami, OK (FHA|USDA|VA) 32 $3,250,000 $101,563 $4,323 4.29%
    HOT SPRINGS, AR (FHA|USDA|VA) 13 $2,755,000 $211,923 $3,677 4.12%
    FORT SMITH, AR-OK (FHA|USDA|VA) 21 $2,545,000 $121,190 $3,886 4.58%
    Batesville, AR (FHA|USDA|VA) 21 $2,225,000 $105,952 $2,999 4.18%
    El Dorado, AR (FHA|USDA|VA) 10 $2,130,000 $213,000 $5,052 4.26%
    TEXARKANA, TX-AR (FHA|USDA|VA) 11 $1,665,000 $151,364 $4,117 4.05%
    Forrest City, AR (FHA|USDA|VA) 13 $1,365,000 $105,000 $3,426 4.15%
    McAlester, OK (FHA|USDA|VA) 8 $1,080,000 $135,000 $3,737 3.72%
    JOPLIN, MO (FHA|USDA|VA) 9 $975,000 $108,333 $3,510 4.72%
    TULSA, OK (FHA|USDA|VA) 2 $960,000 $480,000 $6,423 3.69%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 5 $865,000 $173,000 $4,389 4.70%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 3 $765,000 $255,000 $3,729 3.83%
    Hope, AR (FHA|USDA|VA) 5 $755,000 $151,000 $4,057 3.95%
    Russellville, AR (FHA|USDA|VA) 5 $725,000 $145,000 $3,856 4.03%
    Malvern, AR (FHA|USDA|VA) 6 $720,000 $120,000 $4,514 5.04%
    Fort Payne, AL (FHA|USDA|VA) 2 $520,000 $260,000 $6,329 4.00%
    Albertville, AL (FHA|USDA|VA) 1 $335,000 $335,000 $3,411 3.50%
    GADSDEN, AL (FHA|USDA|VA) 1 $285,000 $285,000 $2,763 4.00%
    Paragould, AR (FHA|USDA|VA) 2 $260,000 $130,000 $3,163 3.88%
    DECATUR, AL (FHA|USDA|VA) 1 $225,000 $225,000 $8,179 3.75%
    ANNISTON-OXFORD, AL (FHA|USDA|VA) 1 $195,000 $195,000 $5,397 4.13%
    TYLER, TX (FHA|USDA|VA) 1 $195,000 $195,000 $3,455 4.13%
    Duncan, OK (FHA|USDA|VA) 1 $195,000 $195,000 $5,540 4.00%
    MONROE, LA (FHA|USDA|VA) 1 $165,000 $165,000 $7,966 5.50%
    LAWTON, OK (FHA|USDA|VA) 1 $165,000 $165,000 $5,321 4.38%
    Blytheville, AR (FHA|USDA|VA) 1 $165,000 $165,000 $2,405 3.75%
    Shawnee, OK (FHA|USDA|VA) 1 $165,000 $165,000 $3,295 5.50%
    WICHITA, KS (FHA|USDA|VA) 1 $155,000 $155,000 $3,979 3.88%
    MEMPHIS, TN-MS-AR (FHA|USDA|VA) 1 $155,000 $155,000 $5,876 4.63%
    Ada, OK (FHA|USDA|VA) 1 $135,000 $135,000 $6,401 4.63%
    Arkadelphia, AR (FHA|USDA|VA) 1 $115,000 $115,000 $4,275 3.63%
    Cullman, AL (FHA|USDA|VA) 1 $115,000 $115,000 $7,178 3.88%
    Coffeyville, KS (FHA|USDA|VA) 1 $95,000 $95,000 $3,934 4.63%
    Magnolia, AR (FHA|USDA|VA) 1 $95,000 $95,000 $3,597 4.00%
    Firsttrust Home Loans's top markets include Little Rock, Shreveport, Oklahoma City, Jonesboro, and Birmingham among others.

    Their top states include:
  • Arkansas (FHA|USDA|VA)
  • Oklahoma (FHA|USDA|VA)
  • Louisiana (FHA|USDA|VA)
  • Alabama (FHA|USDA|VA)
  • (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against FirstTrust Home Loans based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    PIERREMONT MORTGAGE, INC.
    Similarity Rank: 33
    Bossier Federal Credit Union
    Similarity Rank: 42
    TRUE SKY
    Similarity Rank: 174
    Southwest Missouri Bank
    Similarity Rank: 176
    FIRST WESTERN MORTGAGE, INC.
    Similarity Rank: 207
    The First National Bank of Fort Smith
    Similarity Rank: 209
    Priority Bank
    Similarity Rank: 240
    WEOKIE
    Similarity Rank: 243
    Municipal Employees Credit Union of Oklahoma City
    Similarity Rank: 321
    Intrust Bank
    Similarity Rank: 352

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 562 $99,950,000 $177,847 $3,300 4.21%
    FHA 389 $56,715,000 $145,797 $5,753 4.32%
    USDA 348 $39,590,000 $113,764 $4,247 4.25%
    VA 140 $27,570,000 $196,929 $5,376 4.17%

    For 2019, Firsttrust Home Loans's most frequently originated type of loan was Conventional, with 562 originations. Their 2nd most popular type was FHA, with 389 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 1,391 $215,485,000 $154,914 $4,397 4.24%
    Refi 45 $7,815,000 $173,667 $4,306 4.31%
    Cash Out Refi 3 $525,000 $175,000 $4,483 4.33%

    For 2019, Firsttrust Home Loans's most frequently cited loan purpose was Home Purchase, with 1,391 originations. The 2nd most popular reason was Refi, with 45 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 1,439 $223,825,000 $155,542 $4,394 4.25%

    For 2019, Firsttrust Home Loans's most frequently cited loan duration was Other, with 1,439 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 1,026 $155,020,000 $151,092
    $2k-3k 275 $42,005,000 $152,745
    $<1k 60 $8,580,000 $143,000
    $3k-4k 42 $8,160,000 $194,286
    $4k-5k 23 $5,745,000 $249,783
    $5k+ 12 $4,110,000 $342,500

    Firsttrust Home Loans's average total fees were $0, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 1,026 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 659 $98,125,000 $148,900
    3-4% 597 $102,265,000 $171,298
    5-6% 165 $20,155,000 $122,152
    2.5-3% 13 $2,785,000 $214,231
    6-7% 5 $495,000 $99,000

    During 2019, Firsttrust Home Loans's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 4-5%, with 659 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 748 $107,710,000 $143,997 $4,415 4.21%
    $100,000 or less 372 $28,510,000 $76,640 $3,533 4.49%
    $200k-400k 298 $78,060,000 $261,946 $5,264 4.06%
    $400k-600k 20 $8,820,000 $441,000 $6,628 4.05%
    $600k-1MM 1 $725,000 $725,000 $4,908 3.38%

    2019 saw Firsttrust Home Loans place emphasis on $100k-200k loans with 748 originations, totaling $107,710,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 469 $51,715,000 $110,267 $4,066 4.31%
    $50k-75k 417 $60,435,000 $144,928 $4,545 4.27%
    $75k-100k 227 $39,305,000 $173,150 $4,563 4.21%
    $100k-150k 210 $43,400,000 $206,667 $4,636 4.13%
    $150k-250k 100 $24,680,000 $246,800 $4,512 4.29%
    $250k+ 16 $4,290,000 $268,125 $3,791 3.66%

    Firsttrust Home Loans lent most frequently to those with incomes in the $50k or less range, with 469 originations. The second most popular income band? $50k-75k, with 417 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 332 $49,710,000 $149,729 $4,120 4.21%
    30-36% 295 $45,445,000 $154,051 $4,317 4.20%
    <20% 108 $15,620,000 $144,630 $3,789 4.03%
    40% 70 $10,020,000 $143,143 $4,503 4.41%
    50-60% 64 $10,990,000 $171,719 $5,964 4.16%
    39% 60 $8,680,000 $144,667 $4,503 4.30%
    43% 59 $9,965,000 $168,898 $4,272 4.29%
    36% 58 $8,690,000 $149,828 $4,089 4.19%
    42% 56 $10,180,000 $181,786 $4,784 4.45%
    37% 55 $7,435,000 $135,182 $4,138 4.33%
    38% 52 $8,160,000 $156,923 $4,435 4.47%
    41% 51 $9,645,000 $189,118 $4,360 4.12%
    44% 45 $7,735,000 $171,889 $5,130 4.27%
    47% 33 $5,065,000 $153,485 $4,757 4.28%
    45% 31 $4,655,000 $150,161 $4,716 4.38%
    48% 25 $4,185,000 $167,400 $4,376 4.49%
    46% 23 $3,735,000 $162,391 $4,397 4.31%
    49% 20 $3,550,000 $177,500 $5,674 4.46%
    >60% 2 $360,000 $180,000 $4,987 5.00%

    Firsttrust Home Loans lent most frequently to those with DTI ratios of 20-30%, with 332 originations. The next most common DTI ratio? 30-36%, with 295 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,300 $202,210,000 $155,546 $4,341 4.24%
    Black 80 $12,580,000 $157,250 $4,902 4.28%
    Not provided 26 $4,160,000 $160,000 $4,944 4.26%
    American Indian 20 $2,710,000 $135,500 $4,563 4.63%
    Asian 9 $1,355,000 $150,556 $4,210 4.50%
    Native Hawaiian or Islander 2 $520,000 $260,000 $8,865 3.81%
    Other Asian 1 $175,000 $175,000 $7,945 4.00%
    Not applicable 1 $115,000 $115,000 $3,874 4.38%

    Approval Rates

    Total approvals of all applications
    88.16%

    Firsttrust Home Loans has an average approval rate.

    Pick Rate

    Approvals leading to origination
    71.23%

    Firsttrust Home Loans has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,439 $223,825,000 $155,542

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 3 $295,000 $98,333
    Single Family (1-4 Units):Site-Built 1,436 $223,530,000 $155,662

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 12 $950,000 $79,167 $2,958 4.09%
    40-60% 50 $6,520,000 $130,400 $2,815 4.10%
    60-80% 253 $40,765,000 $161,126 $3,464 4.21%
    80-100% 1,112 $173,750,000 $156,250 $4,702 4.26%
    Over 100% 9 $1,645,000 $182,778 $4,523 4.11%
    Under 20% 3 $195,000 $65,000 $278 5.50%

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    FIRST ALLIANCE HOME MORTGAGE Conventional home mortgage Closing on a mortgage 1 100.0%